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Ares Capital Corporation Buyback

OLI recorded this information on 9/28/2015

Company: Ares Capital Corporation
Buyback: ARCC buyback
$Amount Authorized: $100,000,000
Buyback Details: Ares Capital Corporation (NASDAQ:ARCC) announced today that its Board of Directors has approved a stock repurchase program. Pursuant to the program, Ares Capital is authorized to repurchase up to $100 million in the aggregate of its outstanding common stock in the open market at certain thresholds below its net asset value per share, in accordance with the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing, manner, price and amount of any share repurchases will be determined by Ares Capital, in its discretion, based upon the evaluation of economic and market conditions, stock price, applicable legal and regulatory requirements and other factors.

Ares Capital is a closed-end, non-diversified management investment company. Co.'s investment objective is to generate both current income and capital appreciation through debt and equity investments.

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Company Name:  Ares Capital Corp
Stock buyback:  ARCC buyback
Website:  www.arescapitalcorp.com
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding ARCC:  4
Total Market Value Held by ETFs:  $126.11M
Total Market Capitalization:  $12.28B
% of Market Cap. Held by ETFs:  1.03%
 

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April 20, 2024    5:52 AM Eastern
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Buy (3.46 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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